MAINE CHIROPRACTIC ASSOCIATION INC (EIN 016029434) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1922

Legal Domicile

Principal Officer

DR ZEV MYEROWITZ

Phone

2076225421

Tax Period

2024-01-01 to 2024-12-31

MAINE CHIROPRACTIC ASSOCIATION INC, founded in 1922, is a small nonprofit that reported $312K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $302K left a modest 3% surplus.

Mission

CONFERENCES AND SEMINARS FOR THE CONTINUING EDUCATION OF CHIROPRACTIC MEMBERS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $122,141

Program Service Revenue $173,272

Investment Income $6,064

Other Revenue $10,585

TOTAL REVENUE $312,062

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $84,843

Fundraising Expenses $0

Program Expenses $301,823

Other Expenses $215,480

TOTAL EXPENSES $301,823

Year-over-Year Comparison

	2024	2023	Change
Revenue	$312,062	$288,165	+0.1%
Expenses	$301,823	$251,697	+0.2%
Net Income	$10,239	$36,468	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$66,396

Total Directors

$66,396

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN MYEROWITZ DC	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICK REEDER DC	RECORDING SECRETARY	1.00	Officer Director	$0	$0	$0
AARON MCARTHUR DC	1ST VP BOARD MEMBER	1.00	Officer Director	$0	$0	$0
ZEV MYEROWITZ JR DC	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT REED	EXECUTIVE DIRECTOR	40.00	Officer Director	$66,396	$0	$66,396
SARAH DE PRETER DC	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE ARSENAULT DC	BOARD MEMBER	1.00	Director	$0	$0	$0
JAN ROBERTS DC	BOARD MEMBER	1.00	Director	$0	$0	$0
AMBER HAYES DC	BOARD MEMBER	1.00	Director	$0	$0	$0
RONALD OUELLETTE DC	MEMBER AT LARGE	1.00	Director	$0	$0	$0
MICHAEL HOYT DC	MEMBER AT LARGE	1.00	Director	$0	$0	$0
RUTH VARNEY DC	TREASURER	1.00	Officer Director	$0	$0	$0
CRYSTAL ZEGWYN DC	2ND VP	1.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$312,062	$301,823	$289,043	$10,239
2023	$288,165	$251,697	$275,035	$36,468
2022	$219,720	$203,425	$239,197	$16,295
2021	$236,821	$195,434	$222,399	$41,387
2020	$192,840	$164,118	$169,850	$28,722
2019	$232,462	$246,615	$140,178	$-14,153
2018	$232,703	$223,014	$155,988	$9,689

MAINE CHIROPRACTIC ASSOCIATION INC